Ukraine again offers Makeevsk Coke-Chemical for sale

Wednesday, 11 August 2010 16:28:51 (GMT+2)

The State Property Fund of Ukraine (SPFU) has again launched a tender for the sale of the state's 73.37 percent stake in Makeevsk Coke-Chemical Plant.

The starting price of the stake in question is UAH 24.52 million (approx $3.1 million according to the current exchange rate).

In line with the conditions of the tender, the potential buyer is obliged to maintain the plant's type of activity and to provide an income of UAH 750 million ($95 million) per year for a period of five years.

Furthermore, the buyer must ensure a stable supply of coking coal at a monthly average volume of not less than 70,000 mt, steady sales of the plant's coking coal concentrate production, and must pay outstanding debts to creditors.

The tender is planned to be carried out 50 days after the official publication of the announcement.

The SPFU has repeatedly offered the 73.37 percent stake in Makeevsk Coke-Chemical Plant for sale, but has so far not been able to sell it due to lack of potential buyers.

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